Emerald (NYSE:EEX) Shares Up 7%

Shares of Emerald Holding, Inc. (NYSE:EEX) traded up 7% on Monday . The company traded as high as $4.71 and last traded at $4.71. 35,424 shares were traded during trading, a decline of 75% from the average session volume of 141,589 shares. The stock had previously closed at $4.40.

Emerald Stock Up 10.5 %

The firm has a 50 day moving average price of $5.41 and a 200-day moving average price of $5.79. The firm has a market cap of $990.65 million, a price-to-earnings ratio of -5.87 and a beta of 1.37. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.34 and a quick ratio of 1.34.

Emerald (NYSE:EEX) last released its earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. Emerald had a net margin of 0.25% and a return on equity of 3.53%. The company had revenue of $86.00 million for the quarter.

Emerald Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 19th were paid a $0.015 dividend. The ex-dividend date was Monday, August 19th. Emerald’s payout ratio is presently -40.00%.

Institutional Investors Weigh In On Emerald

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EEX. FFT Wealth Management LLC acquired a new position in shares of Emerald during the 2nd quarter worth about $532,000. Vanguard Group Inc. increased its stake in Emerald by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company’s stock valued at $7,581,000 after purchasing an additional 5,184 shares in the last quarter. Cannell Capital LLC raised its holdings in Emerald by 30.8% in the fourth quarter. Cannell Capital LLC now owns 1,192,951 shares of the company’s stock worth $7,134,000 after purchasing an additional 280,744 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Emerald by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company’s stock worth $1,531,000 after purchasing an additional 2,624 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Emerald by 17.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock valued at $719,000 after buying an additional 19,156 shares during the period. Institutional investors own 14.90% of the company’s stock.

Emerald Company Profile

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.